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Technicolor Creative Studios scares itself for its first steps on the Paris Stock Exchange

2022-09-27T17:47:58.894Z

DECRYPTION - After the Technicolor split, the company hopes to take advantage of a fast-growing entertainment market.



A first day of listing on the Paris Stock Exchange for the less trying.

Technicolor Creative Studios (TCS), the new company resulting from the split of the former Technicolor (itself ex-Thomson Multimedia) was floated on Euronext Paris on Tuesday.

The action, offered at a price of 1.95 euros, lost up to 26% of its value during the session before closing down 4.5%.

The company has a capitalization close to 1 billion euros.

This IPO should open a "

new chapter

" for TCS, after a turbulent history and the near bankruptcy of Technicolor two years ago.

TCS, which brings together the audiovisual production activities of the former Technicolor, is the world leader in special visual effects for the film and series industry.

Among his latest contributions, hits like

Top Gun

, the

Lion King

,

Transformers

or the

House of the Dragon

series .

The most dynamic subsidiary of the former Technicolor, its new independence should enable it…

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Source: lefigaro

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